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Dec 3, 2012
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this is our economy. we all want the economy to get better and americans to have more opportunities at jobs. this agreement should come sooner rather than later because just the threat of the fiscal cliff is already hurting our economy. now listen, i believe that raising tax rates hurts our economy, hurts the prospects for more jobs in our country. and i realize the president may disagree, but the fact is if there's another way to get revenue from upper income americans that doesn't hurt our economy, then why wouldn't we consider it? >> what if we go over the cliff. doesn't the president hold all the cards then? can't he say, all right, everybody taxes have increased. i'm offering 98% a tax cut of $2,000 a year. you are the party of lower taxes. are you going to refuse to cut people's tacks? >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three
this is our economy. we all want the economy to get better and americans to have more opportunities at jobs. this agreement should come sooner rather than later because just the threat of the fiscal cliff is already hurting our economy. now listen, i believe that raising tax rates hurts our economy, hurts the prospects for more jobs in our country. and i realize the president may disagree, but the fact is if there's another way to get revenue from upper income americans that doesn't hurt our...
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Dec 1, 2012
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and jonas, pushing back the deadlines, what does it mean to the economy? especially if we don't know in it will be a deal in a month or a deal to do a deal in another year? >> there's absolutely no good at this point in pushing along the current system and waiting to fix it later. yeah, no one wants higher taxes, but we're not in a deep reception right now. we absolutely are going to die if things start to change and in fact, the underlying real problem, the growing deficit on the path to greece, the goal gets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the world that we have a solution and if it takes a few months to get there and higher taxes for a while, big deal, we will get there. that's got to be the plan not just the same nonsense. >> yeah, but larry, that's part of your point, but jonas says we're not in a bad recession, we're certai
and jonas, pushing back the deadlines, what does it mean to the economy? especially if we don't know in it will be a deal in a month or a deal to do a deal in another year? >> there's absolutely no good at this point in pushing along the current system and waiting to fix it later. yeah, no one wants higher taxes, but we're not in a deep reception right now. we absolutely are going to die if things start to change and in fact, the underlying real problem, the growing deficit on the path to...
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Dec 2, 2012
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what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury, that tax rates like this don't matter, at that ultimately-- >> no, they do to a degree. if you talk to the officials iran up, come on, so we're going to raise the rates, what is fascinating to put it in the bigger context of the debate about tax revenue, the economists have the static view, you've got x-amounts of
what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path...
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Dec 7, 2012
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of the economy. businesses who hire people who create jobs which nancy pelosi is looking for are looking for political will out of washington. they are looking for certainty on the fiscal cliff. certainty that debt reduction, there will be debt reduction, that entitlements will be brought under control. looking for certainty on taxe taxes. until this happens, there isn't going to be that certainly. i have to say that the republicans showed the political will. they stood up, to the conservative base. they put the re-knews on the table. what troubles me -- now that the ball is in the white house court, right? what troubles me is lack of political will on the white house, we haven't seen yet. particularly on spending and entitlement reform. voices in the deckic party saying that this was a mandate to walk away from debt reduction. that is troubling. >> charles lane do you see anything out there to give the business confidence to hire people again? >> well, there is just, i agree with nina. too many unkn
of the economy. businesses who hire people who create jobs which nancy pelosi is looking for are looking for political will out of washington. they are looking for certainty on the fiscal cliff. certainty that debt reduction, there will be debt reduction, that entitlements will be brought under control. looking for certainty on taxe taxes. until this happens, there isn't going to be that certainly. i have to say that the republicans showed the political will. they stood up, to the conservative...
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Dec 6, 2012
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if they bring a deal that is too drastic of a stop it is not going to be good for the economy either. >> the bottom line is they are going through hoops to avoid what is core problematic for their respective party dna. the republicans don't want to raise rates. so they will go through all sorts of hoops to essentially get as much if not more revenue and effectively screwing the red chief and more. they don't wnt to address entitlement spending and even slowing the growth. it would be equated with throwing granny off the cliff. and there in lies the casm. we have to close it. >> we do have to close it. if you are looking at all of these programs, are they even going to reduce the deficit? if they have the combined affect of slowing down the economy, the deficit reduction doesn't take place. they have to be more pro active and they have to get aggressive. but none of these guys understand economics. you are talking about a bunch of lawyers. you are talking about a bunch of people that study political science. you don't have anybody in congress that understands economic and they are foll
if they bring a deal that is too drastic of a stop it is not going to be good for the economy either. >> the bottom line is they are going through hoops to avoid what is core problematic for their respective party dna. the republicans don't want to raise rates. so they will go through all sorts of hoops to essentially get as much if not more revenue and effectively screwing the red chief and more. they don't wnt to address entitlement spending and even slowing the growth. it would be...
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Dec 4, 2012
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in the end, good thing for the economy to spend less and take in more money. slightly more balanced picture. >> bret: last word. >> not this way and not over a cliff. president is overestimating the strength he has on january 1 if we go over a cliff. the reason he will propose the tax cut for middle class. republicans who control the house under the constitution is in charge of the revenue bill will propose on day one, when the president is sworn in, house sworn in, in january. they should meet in emergency session and pass a bill recinding all the increase in taxes and restoring the bush tax cut for everybody. each has a bill and same argument. i don't imagine the president has upper hand in that. >> bret: next up, president george w. bush on immigration reform. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. >>> immigrants come with new skills and new ideas. they fill a critical
in the end, good thing for the economy to spend less and take in more money. slightly more balanced picture. >> bret: last word. >> not this way and not over a cliff. president is overestimating the strength he has on january 1 if we go over a cliff. the reason he will propose the tax cut for middle class. republicans who control the house under the constitution is in charge of the revenue bill will propose on day one, when the president is sworn in, house sworn in, in january. they...
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Nov 29, 2012
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this is about returning confidence to the economy. >> greta: a plan to rev up the economy or a plan for spending cuts? >> a plan for reducing the deficit which actually would return certainty to the economy, restore confidence, which would help economic growth. punishing success will not do that. temporary tax increases don't do that as well. >> greta: it's interesting, almost seems like a game of chicken to see who's going to blink first. i listen to what you say, and i understand it, i understand the broad principles, but i don't have the nuts and bolts of it. and i hear the president say he's ready, willing and excited to have bipartisanship, but i don't know what his plan is either. >> again, his budgets, four budgets, yet to propose a solution to save social security or medicare. can't even get democrats or house senators to vote for his plan. we haven't seen his plan. that's a real tragedy. the president, it's incumbent on him. he won, time for him to govern, show the american people his balanced plan. he talked about it all the time. we know where he wants to increase revenue. he
this is about returning confidence to the economy. >> greta: a plan to rev up the economy or a plan for spending cuts? >> a plan for reducing the deficit which actually would return certainty to the economy, restore confidence, which would help economic growth. punishing success will not do that. temporary tax increases don't do that as well. >> greta: it's interesting, almost seems like a game of chicken to see who's going to blink first. i listen to what you say, and i...
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Dec 7, 2012
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. [ male announcer ] lease a 2013 e350 for $579 a month try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >> liberals have turned a blind eye to extremists operate. we saw it all ye
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through...
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Dec 5, 2012
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economy be damned. the republicans offered to give so much and offering precisely what erskine bowles laid out as a compromise position in the proposal they made the other day. you have republicans repeatedly going back to the president and saying here is what we'll do. he says no, here is what we'll do going further. we are in this cycle now where the republicans are at the point they are done doing that. he talked to republicans. spent the better part of the day talking about the way out of this. increasingly you are hearing from republicans on the house and senate side we are done looking for compromise on this. we want a way out. looking for an exit plan. >> bret: meantime, the pentagon is now saying that they are preparing for sequestration, as the other agencies. getting ready for what happens. how much can the government hold off the bad things that happen on the first of the year? >> hold off some of it for a few months but this is a catastrophe. the president says rattling the cage, that will a
economy be damned. the republicans offered to give so much and offering precisely what erskine bowles laid out as a compromise position in the proposal they made the other day. you have republicans repeatedly going back to the president and saying here is what we'll do. he says no, here is what we'll do going further. we are in this cycle now where the republicans are at the point they are done doing that. he talked to republicans. spent the better part of the day talking about the way out of...
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Dec 2, 2012
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he has to make sure the economy grows. he will be a two-term jimmy carter if the economy goes back in recession and we can't pull ourselves out of this thing. >> eric: i heard you laugh, martin on the "two-term jimmy carter" line. >> he doesn't want to be a two-term george w. bush that took us in a steep recession. >> hey, you are the one with the bush tax cut. >> this can be worked out. everybody knows that. you can raise rates a point or two, that is not going to be end of the world. republicans understand that. let's get through with the fear we have had a couple of weeks of theater and let's get down to serious negotiations. i don't think the republicans want to fight to the death to protect tax breaks for the wealthy. that is not the message they want to send. they tried it during the election and they lost on that. >> eric: if i just interrupt, matt mentioned small businesses. let me read you this tough edtory from investors business daily this past week. they call it return of the tax-and-spend democrats in d.c. of
he has to make sure the economy grows. he will be a two-term jimmy carter if the economy goes back in recession and we can't pull ourselves out of this thing. >> eric: i heard you laugh, martin on the "two-term jimmy carter" line. >> he doesn't want to be a two-term george w. bush that took us in a steep recession. >> hey, you are the one with the bush tax cut. >> this can be worked out. everybody knows that. you can raise rates a point or two, that is not...
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Nov 30, 2012
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so the result is the economy gets sicker and weaker. greece, for example, has seen its economy shrink by 7% in the last year. all of european is in recession now. the last official number was the economy actually shrank last month for all of europe as a unit. japan has been stuck for 23 years in a decaying economy. 23 years. and i think we're seeing a pressure in washington for exactly the same pattern. that's what's happening in california, in sacramento. it's what's happening in illinois, in springfield. it's what's happening in new york, in abdominal. it's big government getting bigger and bigger while the private sector gets smaller and smaller, making the debt problems even harder to deal with. >> greta: just so i understand, so do you think the wiser thing for the house republicans, republicans in the senate, is to get a 90-day deal, push things down the road for 90 days, hold hearings in the meantime and do it piecemeal? >> yes. >> greta: or better to push it off the fiscal cliff and take the draconian impact and -- >> they shoul
so the result is the economy gets sicker and weaker. greece, for example, has seen its economy shrink by 7% in the last year. all of european is in recession now. the last official number was the economy actually shrank last month for all of europe as a unit. japan has been stuck for 23 years in a decaying economy. 23 years. and i think we're seeing a pressure in washington for exactly the same pattern. that's what's happening in california, in sacramento. it's what's happening in illinois, in...
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Nov 30, 2012
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it will hurt the economy allegedly. i don't buy it but that is what everyone -- >> bret: it will hurt the pentagon, correct? >> right. and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want to negotiate those next year. can't do it in three weeks. incidentally, speaker boehner what medicare cuts are you for, he will say? if the republican position, the republicans campaigned against $716 million in medicare cuts from the current program. republicans for medicare reform. not for squeezing the current program. they will say i want to give the middle class, make sure the middle class tax rate stay where they are. i don't want the republicans to squeeze medicare more than we did, have done in the past. i'm worried. that the president
it will hurt the economy allegedly. i don't buy it but that is what everyone -- >> bret: it will hurt the pentagon, correct? >> right. and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want...
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Dec 6, 2012
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the economy is going to be a disaster. it's only going to get worse under obama. republicans are totally over the barrel because all tax cuts, bush tax cuts expire unless they agree to what is being portrayed as tax cuts for the rich. >> sean: boom. >> of course, let me finish the three points. it's not the rich. it's people who are currently engaged in making money or tax breaks as they say. for the rich i'd be more in favor of tax hikes on the rich. that's warren buffett and john kerry and diane feinstein. this is a tax on people desperately trying to become rich but the truly wish don't want them to. finally, the most important point is in two years we've got to take back the senate. >> sean: i don't want to talk about the election. >> the republicans need to concentrate on making sure this economy gets blamed on obama. there are things they can do like propose tax cuts or rather tax hikes for the truly rich, ie, warren buffett. no more state and low tax deductions. cut out that hollywood foin accounting. let's go after the 1% of the 1%. forget the 1% of income
the economy is going to be a disaster. it's only going to get worse under obama. republicans are totally over the barrel because all tax cuts, bush tax cuts expire unless they agree to what is being portrayed as tax cuts for the rich. >> sean: boom. >> of course, let me finish the three points. it's not the rich. it's people who are currently engaged in making money or tax breaks as they say. for the rich i'd be more in favor of tax hikes on the rich. that's warren buffett and john...
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Dec 7, 2012
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he's head of the parade and a a badly weakened economy is going to hurt him more than anything. the republicans need to figure out their hand is stronger than they think, and they need to remember they are the ones that control spending and under no circumstances should they ever give obama a blank check or give up their constitutional authority. now four, republicans, and in particular, john boehner, a party that gets trapped, you always suffer and they suffer in particular if they lose the battle over the narrative. that's what's happening to republicans since all the focus is on tacks tacks and not spend. republicans need to take steps like passing real legislation that allows them to talk about their agenda, not what obama needs to talk about, and they have to figure out creative ways to make their case to the american people. it's time that republicans have the courage of their convictions. it is simply immoral to continue to steal from future generations with out of control deficits and now record debt. now going over this cliff to prevent the country from going bankrupt w
he's head of the parade and a a badly weakened economy is going to hurt him more than anything. the republicans need to figure out their hand is stronger than they think, and they need to remember they are the ones that control spending and under no circumstances should they ever give obama a blank check or give up their constitutional authority. now four, republicans, and in particular, john boehner, a party that gets trapped, you always suffer and they suffer in particular if they lose the...
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Nov 29, 2012
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money out of the economy? >> everybody remembers very well the ugly process we went through in august of 2011 in raising the debt ceiling, and what happened immediately around the raising of that debt ceiling. we saw the stock markets crash. let me tell you if we go off this fiscal cliff -- and i put the blame squarely on the president. he's been awol on this issue for the last three years. now he's coming in and waving a flag, trying to take the glory, put the burden on republicans. republicans have been willing to negotiate. if he doesn't come forward and provide real leadership, we go off the cliff, the economic disaster that we're going to see is going to be squarely on the shoulders of this president. >> sean: i would like to adopt something like the mac penny plan. cut one penny out of every dollar washington spends, and we move to a balanced budget. with baseline budgeting, you have increases every year. can you ever get rid of baseline budgeting? >> if any corporation in america operated the way the co
money out of the economy? >> everybody remembers very well the ugly process we went through in august of 2011 in raising the debt ceiling, and what happened immediately around the raising of that debt ceiling. we saw the stock markets crash. let me tell you if we go off this fiscal cliff -- and i put the blame squarely on the president. he's been awol on this issue for the last three years. now he's coming in and waving a flag, trying to take the glory, put the burden on republicans....
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Dec 4, 2012
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and it is a bigger for the united states economy. the benefit is that each year companies issue benefits for holding the stock and many companies including the most popular will do this and many more, before year's enbecause the dividend tax rate will go from 50 percent and possibly close to triple. so, it makes senator. next year we will have companies that have to pay dividends and pay them to individuals who are taxed at a high are rate. this does not solve a permanent role but a one time give to a shareholder at the end of the years pay less now opposed to more later and when we get to next year we are in an economy that is in a higher tax environment, companies will grow less well if that environment, association whatever cash they have, and they have available to pay out, will be taxed at a high are rate. >>neil: what do you make of the argument we had much higher dividend tax rates in the reagan administration, a good part of the clinton administration, and we did fine. >>guest: it was great to be a world monopoly. a wonderful
and it is a bigger for the united states economy. the benefit is that each year companies issue benefits for holding the stock and many companies including the most popular will do this and many more, before year's enbecause the dividend tax rate will go from 50 percent and possibly close to triple. so, it makes senator. next year we will have companies that have to pay dividends and pay them to individuals who are taxed at a high are rate. this does not solve a permanent role but a one time...
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this could be terrible for the economy and hurt jobs and businesses. but honestly, if you are ready, america, if you are ready, hold your nose, take a deep breath and take the medicine. it will fix the problem and the deficit problem as long as everything in the fiscal cliff happens. as long as sequestration happens it will hurt defense. tax rate goes up. eventually you will get someone out, to get that president out and get president who wants lower tax rates and congress that wants the lower tax rate and maybe a senate. it would hurt dramatically. best time to do it is now. >> andrea: there are two schools of thought here. one if you follow twitter or watch republicans who are on the pundit circle, they say let them go off cliff and let obama own that. there is another one that says just let him have what he wants and then when the economy nose dives he will have to own it. republicans are going to get blamed anyway. do you feel strong about either one of those? >> dana: not necessarily. i do think i see in "washington post," headline, obama offers p
this could be terrible for the economy and hurt jobs and businesses. but honestly, if you are ready, america, if you are ready, hold your nose, take a deep breath and take the medicine. it will fix the problem and the deficit problem as long as everything in the fiscal cliff happens. as long as sequestration happens it will hurt defense. tax rate goes up. eventually you will get someone out, to get that president out and get president who wants lower tax rates and congress that wants the lower...
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Nov 30, 2012
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there because of the civility of the economy. the debt load knocks the u.s. all of the way down to a not so sweet sixteen. >> wow. number 16. >> we were number one. >> germany fell farther tied with us. >> i still say we are number one. >> thank you so much. appreciate it adds always. >> deanna is here with us this mornin -- janice dean, you have been following this major storm that has been brewing out west for days. >> it will be a major event heading into the weekend. 10-20 inches of rain for parts of northern california into goern. not only today but for the weekend it will be a significant flooding event as well as 50 to 60 to 70 miles an hour winds. very impactful as you can see heading into saturday and saturday and monday. 4sh 8 inches on top of some of the rain totals you have already seen 6 inches of rain and the snow is going to certainly pile up in the see aierra and cascad where you can see 3 feet of new snow. great news for skiers but they have to take the rain and the flooding and the unfortunate side of mud slides
there because of the civility of the economy. the debt load knocks the u.s. all of the way down to a not so sweet sixteen. >> wow. number 16. >> we were number one. >> germany fell farther tied with us. >> i still say we are number one. >> thank you so much. appreciate it adds always. >> deanna is here with us this mornin -- janice dean, you have been following this major storm that has been brewing out west for days. >> it will be a major event heading...
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. hurry in and try five succulent entrees, like ourender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. a cup of johan is a 600 horsepower sports coupe that likes to hug curves. ♪ your curves. smooth, rich, never bitter, gevalia.
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. hurry in and try five succulent entrees, like ourender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. a cup of johan is a 600 horsepower sports coupe that likes to hug curves. ♪ your curves. smooth, rich, never bitter, gevalia.
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economy. you look at consumer confidence numbers from the university michigan and everyone is worried about the future because of the scare tactics that are coming from washington. >>neil: amazing. thank you very were. a footnote on the 40th anniversary, more than half of americans alive today were not even born at that time. on the 40th anniversary of the apollo launch the last guy to washington on the moon is talking to us. >> america's challenge of today, forging man's destiny, up a pile. >>neil: you look at the moon. you were the last human being to touch that surface. how does that make you feel? >>guest: humble. i don't look at the moon and say, what a great guy you are, i do it when you ask. >> we live. we came. god willing, we will return. this is for all mankind. godspeed, the crew of apollo 17. >> i am convinced the pace program will come back. >> the country needs something to look forward to, to be proud of. what can we do in 10,000 years? i grandmother in a farm in michigan had a
economy. you look at consumer confidence numbers from the university michigan and everyone is worried about the future because of the scare tactics that are coming from washington. >>neil: amazing. thank you very were. a footnote on the 40th anniversary, more than half of americans alive today were not even born at that time. on the 40th anniversary of the apollo launch the last guy to washington on the moon is talking to us. >> america's challenge of today, forging man's destiny,...
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the next day he wants to tax people and take money out of the economy. he has to make up his mine. all of a sudden, all of this uncertainty is hurting our business. >>eric: thank you. the stalemate in washington, dc, continues, and now both sides admit nothing is getting done. >> what most of the viewers watching this show right now believe is that all of us are involved in some kind of negotiation. that is not true. we --. >> there is nothing going on? >> nothing. >> we asked the president, sit down with us and be serious about the specifics of the spending so we can stop the wasteful spending in washington and address the problem. >> charlie is a democrat congressman from the state of new york, charles rangel, thank you for joining us, congressman. what gives? what gives? tell us about fiscal cliff. are you worried about the fiscal cliff? >>guest: you bet your life. people in my district are, small business people if my district are concerned about it. people have to plan not just for the bill of today but the bills and the tax responsibilities they ar
the next day he wants to tax people and take money out of the economy. he has to make up his mine. all of a sudden, all of this uncertainty is hurting our business. >>eric: thank you. the stalemate in washington, dc, continues, and now both sides admit nothing is getting done. >> what most of the viewers watching this show right now believe is that all of us are involved in some kind of negotiation. that is not true. we --. >> there is nothing going on? >> nothing....
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i think the economy can stand it. yes, we will go into two quarters of recession the cbo says, and i believe that. we're in deep trouble here. somebody's going to have to pay the bill. it's going to have to be all of us. >> joining me with more on all of this, patrick j. buick as well as former clinton special counsel davis. the president campaigns on $800 billion in new taxes. he now wants 1.6 trillion. he wants twice the amount, lanny. he wants a blank check and congress to give up its authority as it relates to money and say no, no, let me raise the debt ceiling any time i want. he wants 150 billion in new stimulus but no entitlement cuts at all, no spending cuts at all. now that sounds to me like somebody that's not serious. >> i don't know where to begin to correct some of what you just said, but let me at least start with ronald ra reagan. >> tell me where i'm wrong. >> you're certainly wrong that he didn't campaign to cut 98% of the american people's taxes with the upper 2% paying. he won the election based on
i think the economy can stand it. yes, we will go into two quarters of recession the cbo says, and i believe that. we're in deep trouble here. somebody's going to have to pay the bill. it's going to have to be all of us. >> joining me with more on all of this, patrick j. buick as well as former clinton special counsel davis. the president campaigns on $800 billion in new taxes. he now wants 1.6 trillion. he wants twice the amount, lanny. he wants a blank check and congress to give up its...
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Dec 6, 2012
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our whole analysis of the economy is correct. we need massive spending decreases, and they've got to stick with that. if they can get decent spending increases and have to agree to additional revenue, fine. if they get pushed in the position the president is trying to push them, they stick with their principles, you know, and a year and a half from now go to the electorate with that. it worked in 10. it will probably work in 14. it will be a shame because it will do a lot of damage to our economy in between, but the president has that really on his shoulders. he's the leader. >> greta: mayor, thank you, sir. >> thank you. >> greta: breaking news out of syria. the syrian government mixing components for the deadly sarin nerve gas. the ranking democrat on the house intelligence committee joins us. nice t to see you. >> disturb disturbing news. it's been disturbing for a long period of time. assad killing his own people, but if he does this, i don't think there's any country in the world that really would approve of killing your peo
our whole analysis of the economy is correct. we need massive spending decreases, and they've got to stick with that. if they can get decent spending increases and have to agree to additional revenue, fine. if they get pushed in the position the president is trying to push them, they stick with their principles, you know, and a year and a half from now go to the electorate with that. it worked in 10. it will probably work in 14. it will be a shame because it will do a lot of damage to our...
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Dec 2, 2012
12/12
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that will weaken the economy. that will ultimately weaken the people who pay the bills for entitlements. that is the first problem we have. >> jamie: so everybody gets taxed an you wouldn't expect income to rise. the unemployment situation, where does that go? >> guest: the best results we can expect from the fourth quarter is 1% economic growth. that's pathetic. we may tip in to recession in the first quarter of next year if taxes go up as much as they do. it's the largest tax increase in american history. what i think we can do, and what would make the most sense since both sides seem to be dug in, let's build a bridge over the fiscal cliff, temporary bridge that says, you know, we will extend the tax cuts. you know, we'll reduce the spending cuts, especially in defense. we've going to do it for three months, six months. then we can have some time to look at this responsibly. remember, congress and the president never do anything that close to a good job if they are on a deadline or rush timetable. you know, we
that will weaken the economy. that will ultimately weaken the people who pay the bills for entitlements. that is the first problem we have. >> jamie: so everybody gets taxed an you wouldn't expect income to rise. the unemployment situation, where does that go? >> guest: the best results we can expect from the fourth quarter is 1% economic growth. that's pathetic. we may tip in to recession in the first quarter of next year if taxes go up as much as they do. it's the largest tax...
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Dec 4, 2012
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growing the economy takes a bit of time. i take it that it was expense cutting because you went to -- you balanced your budget. >> i did. i presented a budget and the governor is expected to present a budget, and in that budget, my budget actually increased spending in medicaid and in education. my proposed budget but also trimmed back, for example, i trimmed back on the number of exempt employees. >> greta: what's that mean? >> people who answer just to the governor versus classified employees who you have to -- you can only get rid of an employee for cause. >> greta: so it's basically civil service versus appointments. >> exactly. governor richardson had grown the number of exempt employees by over 340. i have it down to i think 212 at this time. i got rid of the two chefs that were assigned to the residence. we sold the jet that governor richardson had purchased. we sold the jet in addition to four other planes. we cut the exempt employees. no one was going to hernandez ee than $125,000 for cabinet secretary. we were goin
growing the economy takes a bit of time. i take it that it was expense cutting because you went to -- you balanced your budget. >> i did. i presented a budget and the governor is expected to present a budget, and in that budget, my budget actually increased spending in medicaid and in education. my proposed budget but also trimmed back, for example, i trimmed back on the number of exempt employees. >> greta: what's that mean? >> people who answer just to the governor versus...
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Dec 2, 2012
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security and economy are numbers one and two. he mentioned a crime prevention program as well as a number of different hand outs to populations that are in need . he's got a lot on his plate tomorrow as sure. >> you have been there several days and today whampt is your impression of people there and their hopefulness? li would say that many peopline those who did not vote for him and that was 62 percent of the voters did not vote for him. they wish mexico well and they wish nieto well. mexicans want to see the country move forward and advance and i think everyone is pulling for him. 62 percent of the mexicans did not vote for the president? >> he won with 38 percent of the vote in a field of four candidates and three were the strongest. there is no question about the legitimacy of his election. but he definitely does not have half of the population behind him. >> he certainly doesn't have a mandate is what you are saying. lauren thank you for reporting for fox news latino . thank you, we appreciate it. for much more on mexico's n
security and economy are numbers one and two. he mentioned a crime prevention program as well as a number of different hand outs to populations that are in need . he's got a lot on his plate tomorrow as sure. >> you have been there several days and today whampt is your impression of people there and their hopefulness? li would say that many peopline those who did not vote for him and that was 62 percent of the voters did not vote for him. they wish mexico well and they wish nieto well....
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Dec 7, 2012
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economy added 146,000 jobs in november above what the analysts predicted. well above. and gerri, where do we see the biggest gain? >>gerri: in retail. no surprise for holiday season. we expect add big impact from the fiscal cliff and the labor department said no, we did not but labor participation rate, look at this ugly chart the it is declining. we have the rate drop again in large part because the labor force fell by 350,000. we are watching that carefully because you want to see people work. and try to get jobs. it is critical. >>shepard: what impact did super storm sandy? >>gerri: not so much. however, there were a million people that were working part time rather than full time and that is ascribed to hurricane sandy. normally you do not expect that. >>shepard: the matters went, so what. >>gerri: well, they saw that the 350,000 number and they thought they didn't like that and the market pulled back a little. we have had back-and-forth situation on that, starting off 74 up on the dow and now we are down. >>shepard: better than negative. >>gerri: better than negat
economy added 146,000 jobs in november above what the analysts predicted. well above. and gerri, where do we see the biggest gain? >>gerri: in retail. no surprise for holiday season. we expect add big impact from the fiscal cliff and the labor department said no, we did not but labor participation rate, look at this ugly chart the it is declining. we have the rate drop again in large part because the labor force fell by 350,000. we are watching that carefully because you want to see...
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Dec 3, 2012
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. >> house speaker john boehner says going over the cliff is far too dangerous to the economy. nevertheless, even treasury secretary geithner suggested on fox news sunday that republicans might need more time to figure out their position. >> trying to figure out how to find a way to support things that they know they will have to do. it will be hard for them. >> the new republican offer, however, adds a new link to that. there is another reason some democrats might want to let the fiscal cliff happen. they might try to separate out any changes to entitlements such as medicare, which the president agreed to consider and many on the left vigorously opposed. >> the thing that is driving the horrendous deficit and debt problem are the federal healthcare programs. medicare, medicaid, tri care and related medical health programs. >> future deficits only make tax cuts even more contentious. any bill that permanently increases the deficit requires 60 votes in the senate. and these days, anything with the word "tax" in it, makes it hard to round up 60 votes. bret? >> bret: definitely. j
. >> house speaker john boehner says going over the cliff is far too dangerous to the economy. nevertheless, even treasury secretary geithner suggested on fox news sunday that republicans might need more time to figure out their position. >> trying to figure out how to find a way to support things that they know they will have to do. it will be hard for them. >> the new republican offer, however, adds a new link to that. there is another reason some democrats might want to let...
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Dec 7, 2012
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belly flop the economy at once. comfortabling the know that d.c. is on top of it all. alex simpson, former senator and the guy that everyone thinks is a lifeguard at the fiscal pool. ♪ ♪ >> eric: okay, beckel is gangnam style. good to know we're in good hands but get serious, folks. >> any word from karl rove? >> despite what we're telling you, it's over. romney lost. >> i guess it's time i explain, the good people, the upcoming fiscal cliff. >> the economy is the car and rich sman a driver. don't give the driver many. they will drive you over a cliff. just common sense. >> eric: not exactly. the only way to save the republic is for us to let the president go off the fiscal cliff. taxes will go up. but mandatory spending cuts get enacted. that seems to be the only way dems will cut a dime. let's save the place for the kids. do you agree? >> greg: i do. >> bob: i think you're crazy. >> greg: funny that bob and i agree but for different reasons. fiscal cliff is a horrible med fore. i means the high grade leftism. what you get are massive cuts in defense. and higher t
belly flop the economy at once. comfortabling the know that d.c. is on top of it all. alex simpson, former senator and the guy that everyone thinks is a lifeguard at the fiscal pool. ♪ ♪ >> eric: okay, beckel is gangnam style. good to know we're in good hands but get serious, folks. >> any word from karl rove? >> despite what we're telling you, it's over. romney lost. >> i guess it's time i explain, the good people, the upcoming fiscal cliff. >> the economy is...
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Dec 1, 2012
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it will be his economy. it will be his presidency on the line and also the country. if barak obama believes in the clinton tax cuts, let them go back into affect for the entire country and see if the country believes they are good for america. >> the president is campaign acting like he received a anytime percent man date when he only received half. what impact is this having on the psyche of the gop. >> it is affecting the psyche of the president. he's act being like he did win a huge victory . he did win a substitute victory and what happened to the republicans is, they are fearful of all of these taxes going up they are trying to a bargain in good faith to give away something and then say if you will give us something and make us look good. don't humiliate us. the democrats are humiliating the republican party in making that offer . i think their own dignity and principles and beliefs, what republicans ought to say is, we think that extending the tax cuts pay roll and bush tax cuts is good for economy and america and consistent with our principles and blives and y
it will be his economy. it will be his presidency on the line and also the country. if barak obama believes in the clinton tax cuts, let them go back into affect for the entire country and see if the country believes they are good for america. >> the president is campaign acting like he received a anytime percent man date when he only received half. what impact is this having on the psyche of the gop. >> it is affecting the psyche of the president. he's act being like he did win a...
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Dec 3, 2012
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the economy could enter the year into another recession. the white house took great care to make sure the president was barely seen as he headed out for a big golf outing. the clock meanwhile keeps ticking an the point man the president's point man in fiscal cliff negotiations took to five sunday talk shows to make the administration's case. >>> we think that's a very good set of proposals that's what is good for the economy. if they have got different suggestions twhaent to go further in some areas they should lay it out to us. >> the president's plan called for $1.6 trillion in new taxes over the next decade mostly with the wealthy. those would be sure. less sure the promised spending cuts republicans say might never actually happen. the government takes more money through the tax hikes but spend more money. making the debt even higher. >> i am flabbergasted. i looked at him and said we can't be serious. we have put a serious offer on the table to put revenues up there to try to get the question resolved. the white house responded with vi
the economy could enter the year into another recession. the white house took great care to make sure the president was barely seen as he headed out for a big golf outing. the clock meanwhile keeps ticking an the point man the president's point man in fiscal cliff negotiations took to five sunday talk shows to make the administration's case. >>> we think that's a very good set of proposals that's what is good for the economy. if they have got different suggestions twhaent to go further...
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Dec 4, 2012
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they say the strike impact is winding and it's costing the national economy billions of dollars. once again, a lot of estimates here say we are talking about $1 billion a day being lost. we are talking about truckers and people not going to work each day as this continues. we are told almost everything has been agreed upon but the one pain issue which is the issue about whether jobs should be kept here when someone retires or whether they can be added someplace else. megyn: growing international concerns over a report that syria is readying deadly and widely banned chemical weapons for combat use. we'll talk about what those chemicals are, what they can do and why america and the world is so worried about this. we are getting a look at george zimmerman's bloody face the night he shot and killed trayvon martin. why didn't the defense get this picture earlier? a new report suggests president reagan's shining city on the hill may be a thing of the past. a look at how america has gone from number one to number 16 on the best places to be born list. and how our government policies may
they say the strike impact is winding and it's costing the national economy billions of dollars. once again, a lot of estimates here say we are talking about $1 billion a day being lost. we are talking about truckers and people not going to work each day as this continues. we are told almost everything has been agreed upon but the one pain issue which is the issue about whether jobs should be kept here when someone retires or whether they can be added someplace else. megyn: growing...
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Nov 30, 2012
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the american economy is on the line. this is a moment for adults leadership. megyn: is there a political risk to the president? is there a political risk to him in looking a little too bashful little too smart, as they say, when it comes to this game? >> sure, there are political risks all around for both sides. he saw the president today. he has been doing this and will be doing more of it. trying to clean outside game and put pressure on and make the public put pressure on members of congress to deal with that. and to back his proposal. which she thinks the election gave him a mandate to do that. there are political risks all across the board. there is no telling who will get when or how this will shake out. megyn: the polls say that the republicans will get blamed. the polls say that the majority of americans will blame the house republicans. it is not clear whether the house republicans care what they say -- the big answer to the folks in their districts. nonetheless, do they stand blameless even right now? they are pointing at the president, saying that t
the american economy is on the line. this is a moment for adults leadership. megyn: is there a political risk to the president? is there a political risk to him in looking a little too bashful little too smart, as they say, when it comes to this game? >> sure, there are political risks all around for both sides. he saw the president today. he has been doing this and will be doing more of it. trying to clean outside game and put pressure on and make the public put pressure on members of...
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Dec 7, 2012
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the impact that the fiscal cliff could have on the economy will go up across the board. >> as we get closer and closer to the end of the year i think the uneasiness will continue and the worry we might not see a resolution is going to effect our market. >> it has an impact or hiring as well. physical we go over the cliff the long-term benefits will in fact expire at the end of the year. as the president visited a family in virginia to talk about tax hikes on the wealthy there were few talks on if is clal cliff talks. >> i am not going to sign any package that somehow prevents the top rates from going up for folks at the top two percent. >> this isn't about getting a handle on debt for him it's about spending more than he already has. >> as far as the unp employment numbers are concerned today there is little doubt that super storm sandy had an impact on those. the expectation is that it dissipated a great degree. back to you guys. >>> doug luzader in washington, thank you. >> it is time to look at who is talking. we are hearing from bill o'reilly today. he is talking about the curren
the impact that the fiscal cliff could have on the economy will go up across the board. >> as we get closer and closer to the end of the year i think the uneasiness will continue and the worry we might not see a resolution is going to effect our market. >> it has an impact or hiring as well. physical we go over the cliff the long-term benefits will in fact expire at the end of the year. as the president visited a family in virginia to talk about tax hikes on the wealthy there were...
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Dec 4, 2012
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but have a lot of impact on state and local economies, as well, and their state budgets, et cetera. the president, though, is standing firm. and jake carney saying unless the republicans give in on tax rates and raise the bush tax rates on the rich, there is no deal and the president is willing to go off the cliff. they hammered speaker boehner's proposal. >> we don't know who pays. we don't know what we are talking about in terms actual legislation to increase revenues it is magic beans and fairy dust. >>reporter: it doesn't sound like they are ready for a compromise. he said they do not take speaker boehner's proposal seriously enough to offer a counterpropsal so the white house believes the ball is still in the republicans' court. >>shepard: but speaker boehner has moved, if shiply and if for the first time in public but he has moved. >>reporter: he has. he is not willing yet, not yet, anyway, willing to raise tax rates. in speaker boehner's proposal he put revenue, tax revenue of $800 billion on the table. you her the white house said this was not enough detail but they say in t
but have a lot of impact on state and local economies, as well, and their state budgets, et cetera. the president, though, is standing firm. and jake carney saying unless the republicans give in on tax rates and raise the bush tax rates on the rich, there is no deal and the president is willing to go off the cliff. they hammered speaker boehner's proposal. >> we don't know who pays. we don't know what we are talking about in terms actual legislation to increase revenues it is magic beans...
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Dec 2, 2012
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at the same time they don't want the economy to go in the hole. the other thing is they don't want the country to go broke, and what the republicans fail to do they fail to community indicate. they couldn't communicate themselves out of 0 wet babier bag. they don't hold barack obama accountable. you're the president and should lead on spending. this move of his give himself powers no president has had you take that to the country and say, you want him deciding he can spend whatever he wants. >> like removing the debt ceiling. >> exactly. i'm saying that's the issue. >> you're saying now that the president should outline the cuts because nobody is going the table to say this has to come off. >> the president has to come up with a reasonable solution that sells. >> why should he if he can blame the republicans? >> at the end of the day, its the era of this president. no one remembers who the speaker was during the depression. >> right. sounds like august 2011, the republicans took a beating over what happened. guess who really paid the price? the pr
at the same time they don't want the economy to go in the hole. the other thing is they don't want the country to go broke, and what the republicans fail to do they fail to community indicate. they couldn't communicate themselves out of 0 wet babier bag. they don't hold barack obama accountable. you're the president and should lead on spending. this move of his give himself powers no president has had you take that to the country and say, you want him deciding he can spend whatever he wants....
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Dec 7, 2012
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>> it will challenge this economy. it will challenge this economy to keep its head above water. this is not the kind of economy that can handle a shock to the system. believe me, those tax hikes are going to be a shock. forget the fiscal cliff stuff. what we know is coming, already will be a hock to the system. you lay that are with even more draconian tax hikes, more regulations and this war on business that i've been seeing, it's not going to be that great. >> you register surprise like i go when the 7.7% number came in. but we've got to find out, did the labor force shrink? that's the key to understanding the rate -- >> lot of economic data, the headlines look good. when you dig, it's been disappointing. >> let me conclude, that we have it, 7.7%, the unemployment rate in november. 146,000 jobs created. that's it for this fox business special report. we'll continue the coverage throughout the day. now back to our regular programming. >> steve: all right. thank you very much. it's interesting what peter barns said from washington and that was that in the two months running up t
>> it will challenge this economy. it will challenge this economy to keep its head above water. this is not the kind of economy that can handle a shock to the system. believe me, those tax hikes are going to be a shock. forget the fiscal cliff stuff. what we know is coming, already will be a hock to the system. you lay that are with even more draconian tax hikes, more regulations and this war on business that i've been seeing, it's not going to be that great. >> you register...
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Dec 5, 2012
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economy. bill: a questionable cartoon featuring the rich stealing from the middle class. martha: two rising stars in the republican party laid out their vision for the future last night and for their party. >> we need to carry on and keep fighting for the american idea. the belief that everyone should have the opportunity to rise. to escape from poverty. to achieve whatever your god-given talents and hard work enable you to achieve. wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. i've got a nice long life ahead. big plans. so wh
economy. bill: a questionable cartoon featuring the rich stealing from the middle class. martha: two rising stars in the republican party laid out their vision for the future last night and for their party. >> we need to carry on and keep fighting for the american idea. the belief that everyone should have the opportunity to rise. to escape from poverty. to achieve whatever your god-given talents and hard work enable you to achieve. wow. it's the honey, it makes it taste so... well, would...